SAINT PAUL, Minn.--(BUSINESS WIRE)--Aug. 25, 2006--The St. Paul
Travelers Companies, Inc. ("St. Paul Travelers," NYSE:STA) today
announced it will realign its three business segments. Currently, the
segments are Commercial, Specialty and Personal. The Commercial and
Specialty segments will be realigned into two new segments: the
Business Insurance segment and the Financial, Professional &
International Insurance segment. The Personal segment will be renamed
Personal Insurance.
"The changes are designed to maximize our franchise potential,
while maintaining our important focus on industry and product
specialization. We are committed to providing our producers and
customers with easier access to our vast array of products and
services," said Chief Operating Officer Brian MacLean.
The Business Insurance segment, which will be led by Executive
Vice President John Albano, offers a broad array of property and
casualty insurance and insurance-related services in the United
States. The business units in the Business Insurance segment will
include Select Accounts, Commercial Accounts, Construction,
Technology, Public Sector, Ocean Marine, Oil & Gas, Excess Casualty,
Global Accounts, National Property, Boiler & Machinery, Inland Marine,
Agribusiness, National Accounts, Discover Re, Residual Markets,
Northland, National Programs, and E&S Facilities. Business Insurance
will also include policies written by Gulf (primarily management and
professional liability coverages), and other runoff operations, as
well as the Special Liability Group.
The Financial, Professional & International Insurance segment will
be led by Executive Vice President Sam Liss. This segment includes
surety, crime, and financial liability businesses which primarily use
credit-based underwriting processes, as well as property and casualty
products that are predominantly marketed on an international basis.
The business units in Financial, Professional & International
Insurance will be Bond, Financial & Professional Services,
International and Lloyd's.
The Personal Insurance segment, which includes automobile,
homeowners and other products for individual consumers, will continue
to be led by Executive Vice President Joe Lacher.
Over the next few weeks, the company intends to release financial
information reflecting the historical performance of these new
segments.
About St. Paul Travelers
St. Paul Travelers is a leading provider of property casualty
insurance. For more information, visit www.stpaultravelers.com.
CONTACT: St. Paul Travelers
Media:
Shane Boyd, 651-310-3846
or
Institutional Investors:
Michael Connelly, 860-277-1507
or
Individual Investors:
Marc Parr, 860-277-0779
SOURCE: St. Paul Travelers